Axis Bank FY 21-22 Results Highlights

Investor Presentation
Annual Results FY 21-22
NSE: AXISBANK BSE: 532215 LSE (GDR): AXB

Cumulative provisions
(standard + additional non-NPA)
2
Axis Bank at a glance
Axis Bank
Market Share
3rd largest
Private Bank in India
85,500+
Employees
4,758
Branches*
Traditional Banking Segment
3.47%
Net Interest Margin2
2.17%
Cost to Assets2
2.30%
Operating Profit Margin2
Digital Banking Segment
5.0%
Assets # #
6.0%
Advances #
4.8%
Deposits #
15%
UPI
14%
Mobile**
12%
Credit Cards
Balance Sheet
18.54% | 15.24%
Profitability
Key Subsidiaries
20.3%
Axis Finance’s ROE
with Nil Restructuring
2nd
Axis Capital’s position
in ECM$
*domestic network including extension counters ^ EI – Emerging Index Series ** by volumes for 11M FY22 ***CAR – Capital Adequacy ratio
# Based on Mar’22 data ## Based on Mar’21 data $ As per Prime Database rankings for Equity Capital Markets for FY22
^^ Credit Cards in force as of Feb’22 1 by volumes for FY22 2 For FY22
PCR Net NPA
5th straight year
Constituent of FTSE 4Good EI ^
1
^^
CAR CET 1
***
` 124 Bn | 1.77% 75% | 0.73%
40%
Growth in Axis Securities
PAT (FY22)
47%
Growth in Axis AMC’s
PAT (FY22)

A Deepening a performance driven culture
B Strengthening the core
C Building for the future
i. Lifted the growth trajectory across business segments
ii. Improving profitability metrics
iii. Fostering a winning mindset
i. Built a strong balance sheet
ii. Building next generation technology architecture
iii. Organization wide transformation projects to accelerate our GPS journey
i. Digital continues to be an area of relentless focus
ii. Bank-wide programs to build distinctiveness
iii. ESG has Bank-wide sponsorship
Three core areas of execution to move forward on our GPS strategy
3

7%
13%
17%
Industry Axis Bank Axis Bank Focus
segments*
8.61%
2.68%
8.28%
16.67%
FY19 FY20 FY21 Q4FY22
annualised
217
252
292
331
FY19 FY20 FY21 FY22
2.1
2.4
2.8
3.3
Mar'19 Mar'20 Mar'21 Mar'22
4
Lifted growth trajectory across business segments…
CASA
1
deposits Loan growth
NII Consolidated ROE
Subsidiary profits#
Burgundy AUM
3.5
4.8
8.3
12.0
FY19 FY20 FY21 FY22
1.33 1.47
2.13
2.61
FY19 FY20 FY21 FY22
Rs Tn
Rs Bn
Credit cards Market Share
3 yr CAGR In Mn Rs Tn
Rs Bn
Standalone Net profit
47
16
66
130
FY19 FY20 FY21 FY22
Rs Bn
#The figures represented above are for all the domestic subsidiaries and are as per Indian GAAP, as used for consolidated financial statements of the Group
* Focus segments comprise of Mid corporate, SME, Small Business Banking and Rural
12.7%
11.5% 12.0%
17.0%
Mar'19 Mar'21 Feb'22 6M
Incremental
19% YOY
16% CAGR^
22% YOY
25% CAGR^
13% YOY
15% CAGR^
98% YOY
41% CAGR^
44% YOY
51% CAGR^
^CAGR calculated for 3 years from FY19 - FY22 1On Quarterly Average Balance
A
…with improvement in profitability metrics

Annual Results FY 21-22 5
#1 for Large Corporate
banking and Middle Market
banking in India
“Best DCM House”
for the year 2021
“Asian Bank of the year 2021”
and “India Bond House” award
Bharat Bill Payment System
Addition of number
of Billers to BBPS
Ecosystem.
‘Best Sustainability-linked Bond
– Financial Institution’ for its
US$600m Sustainable AT1 Bond
Best Data Analytics Project
(Multivariate Orthogonal Model)
Asia’s Best in Infrastructure
Modernization
Best Digital Bank India 2021
“Best Retail Bank India”
for the year 2021
Best CRM System
Implementation
‘Financial Inclusion Initiative of
the Year - India’
‘Most Recommended Retail
Bank in India’ and ‘Most
Helpful Bank during Covid-19
in India’
4th
largest Wealth
Management
business - India
Asian Private Banker
2020 League Table
Won ‘Leadership in Social
Impact’ award at the ESG
India Leadership Awards 2021
Our winning mindset is reflected in multiple awards and recognitions…
“Great Place to Work-Certified”
among India's Best Workplaces™
in BFSI 2022.
A
1st

1.96 1.94
0.99
2.67
FY19 FY20 FY21 FY22
3.55
2.95 2.84
4.34
FY19 FY20 FY21 FY22
New savings account opened
(in mn)
New credit cards issued
(in mn)
Overall retail disbursements
(indexed)
100
125 125
186
FY19 FY20 FY21 FY22
Key drivers
6
* latest addition in Q4FY22
53% YOY
170% YOY 49% YOY
…substantiated by many ‘all-time highs’ across different segments
A
• Right fitment strategy to accelerate
premiumization
New products to fill segment gaps like
Prestige, Liberty (in SA)
Multiple transformation projects (Triumph,
Unnati & Zenith) and digital initiatives (SA VKYC,
Maximus)
Partnerships across cards (Flipkart, Google,
Airtel*) and retail (fintechs and CSCs)
8.6 mn New liability relationships
added at yearly highs
Highest ever Gross MF and alternate
investments sales in wealth management
31% incremental market share gained in
new POS terminals installation (11MFY22)

• 19% YOY growth in overall
SA QAB deposits
• 61% YOY growth in fees
from wealth management
Burgundy Wealth
management
Retail loans Cards and Payments Bharat Banking
Deposits
• 16% YOY growth in
unsecured PL & CC book
• 15% market share in UPI
(FY22)
• 2,065 Bharat Bank branches
* Includes Burgundy and Burgundy Private segments
7
# For last 6MFY22 as per RBI data
premium* SA QAB deposits
• 50% YOY growth in SA NTB
QAB balances
• 19% YOY increase in CA
QAB deposits
Burgundy Private customer
base
Burgundy Private AUM
• 2.6 trillion Burgundy
assets under management
• 29% YOY growth in LAP
book in FY22
• 60% YOY growth in SBB
loans in FY22
• 18% CAGR growth in
retail advances in last 3 yrs
• 31% incremental market
share in POS base FY22
• 2.2 mn Flipkart cards in
force as of Mar’22
• 17% incremental market
share# in credit card CIF
deposits (Bharat branches)
disbursements
Rural advances
40,473 CSC outlets network
Strong momentum in Retail Bank across all businesses
A

45% 45%
47%
2%
Axis Bank Increment due to
Citibank
Combined
(Proforma)
Proforma Financial information
Credit Cards ENR (INR bn)
Wealth Management AUM (INR bn)
158 158
247
89
Axis Bank Citibank Combined
(Proforma)
2,608 2,608
3,717
1,109
(Proforma)
56%

CASA Deposits (%)
Total Advances ENR (INR bn)
200bps

7,077 7,077 7,351
274
(Proforma)
4%

43%

Axis Bank
+
Citi
Axis Bank reported numbers are for period ended Mar’22
Citi numbers are for period ended Jun’21
Citi deal provides significant boost to key retail segments, aligned to our
premiumization strategy
A
8

• 4% YOY growth in overall
corporate advances
1st Blockchain enabled
domestic trade* executed
Best DCM House at the
Finance Asia’s Country
Awards, 2021
Awarded “Asian Bank of the
year 2021” by IFR Asia, in the
Asian investment banking space
Growth in focus
segments
Transaction Banking Leadership in DCM One Axis
• 60+ corporate APIs hosted on
Bank’s API Developer Portal
Project Neo
Digital transformation
* transaction involved the process of Letter of Credit advising as well as digital presentation of underlying trade documents including invoice & transport documents
9
• 49% YOY growth in MNC
corporate book
• 45% YOY growth in Mid
corporate book
• 26% YOY growth in CBG
advances
1st Indian private bank to
arrange SOFR linked trade
financing deal
• 75% YOY trade finance
book growth (Gift City)
• 12% Foreign LC Market
Share
1st rank in DCM for rupee
bonds for 15 consecutive
years
• 18% market share in
India Bonds
• Creating Ecosystem
solutions across key
segments
• Deliver One Axis by being
reliable partner through customer
life cycle
• Mobile-first proposition
catering to SMEs
• Straight-through
processing to drive significant
TAT reduction
• Digital CIB platform (2.0)
with Integrated and fully-
digitised stack
Amongst the best and most comprehensive Wholesale Banking franchise
for our customers
A

62.0%
69.0%
72.0%
75.0%
40.00%
45.00%
50.00%
55.00%
60.00%
65.00%
70.00%
75.00%
80.00%
5.3%
4.9%
3.7%
2.8%
2.06%
1.56%
1.05% 0.73%
Mar-19 Mar-20 Mar-21 Mar-22
Gross NPA%
1.77% Standard asset cover
(all non NPA prov / std assets)
11.27%
13.34%
15.40% 15.24%
4.57%
4.19%
3.72% 3.30%
15.8…
17.53%
19.12% 18.54%
Mar 19 Mar-20 Mar-21 Mar-22
CET 1 CAR (AT1 + Tier 2) CAR
… with adequate capital position
Our asset quality is now best in class…
PCR
… and improvement in return ratios
8.1%
2.3%
7.6%
12.9%
15.9%
0.0%
2.0%
4.0%
6.0%
8.0%
10.0%
12.0%
14.0%
16.0%
18.0%
FY19 FY20 FY21 FY22 Q4FY22
0.6%
0.2%
0.7%
1.2%
1.5%
0.00%
0.20%
0.40%
0.60%
0.80%
1.00%
1.20%
1.40%
1.60%
ROA
ROE
Built a strong balance sheet with improving return ratios to drive
our GPS aspirations
60 bps Additional capital cushion over and
above the reported capital adequacy on account of
prudent COVID provision buffer of Rs 5,012 crores
B
10

Modernizing the Core
▪ Cloud-first, Cloud-native approach leading to leadership in Cloud adoption with 55+ apps on Cloud
▪ First among peers to create 3 landing zones (AWS, Azure and GCP) to support multi-cloud strategy
▪ Reduction in infra provisioning TAT by ~90% compared to comparable on-premises solutions
E2E Customer Journey
▪ Digital simplified journeys with personalized experience across key customer segments
▪ Employee empowerment and embedding customer obsession through Retail Omni, Neo, Siddhi
▪ Tech led initiations in Blockchain, Structured Derivatives, Trade Financing, SWIFT
Accelerate Delivery
▪ Improved Time-to-market through adoption of Agile (increased from 18% to 34%) and DevSecOps
▪ API development & next generation Open ecosystem integration with 300+ Retail and Corporate APIs
▪ Investment in emerging tech with creation of ~2200 RPA bots and 1000+ automated processes
Talent & Culture
▪ 99% IT Staff trained in Agile & 94% in DevSecOps; 100% IT Staff is Yellow belt certified
▪ 1400+ member full service inhouse team including developers, QA, Scrum masters, and Managers
▪ Agile Centre of Excellence (CoE) to build capabilities to deliver faster. ~40% development insourced
Fix the Basics
▪ Near DR (Disaster Recovery) for Critical Apps with Improved Infra availability at 99.99%
▪ Near Zero Recovery point objective for critical apps. 25% improvement in app monitoring & automation
▪ Working towards a lean application landscape through sunset and consolidation of applications
Risk & Governance
▪ BitSight rating, a key risk indicator of overall cyber security, at 780 out of 900
▪ Overdue audit observations are currently at 4.8% with Bank’s aspirations to reach and maintain < 4%
▪ Moving to a zero-trust architecture internally across BYOD, Cloud, Mobile, WFH
Building next generation technology architecture
B
IT team strength up 75%, with spends up over 2x in last 2 years
11

Outcomes
55+ customer facing
applications on
Cloud
CIS score 98% in
both AWS & Azure
VA / IPT closure is
99% across Clouds
Closure assessment
by PWC – closure
rate of Azure is 92%
VKYC led 10-
minute account
opening (earlier
24+ hours)
15 high volume
services live in BoF
with Digital
adoption ~50% &
STP ~92%
Video KYC drove
6 lac SA and 60K
CA in FY22
Current concurrency
of 5000+ users for
access to Axis
environment in
hybrid model
350 minutes per
branch per month
saved by cloud
interventions
Initiatives
• Landing Zones: 1st among peers to create 3 landing
zones (AWS, Azure, GCP) to support multi-cloud strategy
• Data Security: Reference Architecture including payload level
encryption implemented. Cloud HSM1 for PII
• Key Projects: Branch of Future, Maximus, Siddhi are some of
the key application on Cloud
• Data Serving: DS Layer created on Cloud
• Cloud CoE2 led to rapid pace of cloud adoption and helped drive
business innovation at a faster pace
Our Cloud leadership continues with progress made towards adoption
B
1 Hardware Security Module 2 Centre of Excellence
12

Unnati (Assets)
- Improvement in Retail Assets sales productivity and processing TAT leading to higher disbursements
Triumph (Liabilities)
- Improved customer experience via tech enablement, enhanced operating rhythm has resulted in higher liability relationships and growth in total relationship value
Zenith (Cards)
- Driving growth strategy across acquisition, lifecycle management & servicing by leveraging technology, improving sales productivity has led to increase in cards market share
Sankalp (Commercial Banking)
- Reducing service delivery TAT by simplifying sanction process, leading to improved CBG RM productivity and strong growth in new business
Bharat Banking
- Drive higher business growth and increase market share in Rural and Semi Urban markets
Neo
- Digital transformation of Corporate Banking, First journeys have gone live in Q4
Udaan (IT)
- IT transformation to deliver tech products faster, enable critical capabilities and improve resilience
Siddhi
- Driving employee empowerment & improving productivity
Sparsh
- Delighting our customers and fulfilling their dreams through smart banking, everyday
B
Organization wide transformation projects to accelerate our GPS journey

1,500+
People dedicated
to digital agenda
1000+
Automated
processes (IA)
350+
In-house
development team
99,500+
Staff enabled on
Bring your own device
40%+
Lift of bank credit model
GINI scores over bureau
300+
Employee tool
journeys
4.6
Mobile App
Ratings
76%
New hires from non-
banking background
250+
Services on digital
channels
We are investing heavily in building capabilities…
14
Agile
Enabled teams with
CI/CD, micro-
services architecture
…and introduced re-imagined customer journeys
and new innovative offerings …
Buy Now Paylater
GrabDeals
CA Sole Propreitor
Cards lifecycle
Merchant Card
Advances
O/W Remittance
Digital: Early traction visible, our relentless focus continues
C
…that has led to improvement in digital adoption
73%
81%
88%
91%
Digital transactions * (%)
9%
18% 20%
24%
Sep-20 Mar-21 Sep-21 Mar-22
Digital non-salary SA accounts
(%)
70%
108%
316%
Personal loans Business Loans Auto Car loans
Growth in fully Digital loans
(YOY)
*Based on all financial transactions by individual customers in FY22

▪ Significantly expanding the partnership ecosystem & pursue co-lending opportunities
▪ CSC outlets scaled up to 40,473 and strong momentum in sourcing asset and liability
products
▪ Tie up with India Post Payments Bank to improve reach in rural and unbanked areas
Distribution &
Partnerships
▪ Building an array of ‘Bharat centric’ products for better segmental coverage & penetration
▪ Offer a broader range of Retail Asset products and leverage asset sales team & branches to
grow liability business
▪ Connecting the dots across the bank for seamless delivery to customers in the Bharat
markets
Specific Products
Digital & Analytics
15
Drive higher business growth and increase market share in Rural and Semi Urban markets through asset led liability strategy
• Lending opportunities in RuSu markets to complement the Bank’s overall PSL strategy meaningfully
• 29% YOY growth in Rural advances
• 50% YOY growth in disbursements
• 14% YOY growth in deposits*
…has delivered strong growth across
__key metrics
Focus on building an ecosystem for Bharat across the value chain…
▪ Redesigning end to end customer journey to reduce TAT and improve customer experience
▪ Better data farming for underwriting and cross sell opportunities
▪ Building capability stack for delivering bank’s products through third party physical channels
Achieved highest ever monthly
disbursement in Mar'22 across all the
major product segments
*Bharat branches
‘Bharat Banking’ strategy has been scaling up well
C

ESG has Bank-wide sponsorship
FTSE4Good Index
constituent for 5th
consecutive year in 2021
Environmental Social Governance
₹ 30,000 Cr Incremental financing to
positive impact sectors by
FY27 (targeted)
$600 Mn
Sustainable AT1 Notes issued in
Sept’21
$150 mn Blended finance facility to strengthen post-
COVID healthcare infrastructure
2 Mn
Trees to be planted across
India by FY27 (targeted)
$300 Mn
Loan guarantee program with
GuarantCo for E-mobility
~10 Mn
Rural women participants under ‘Axis
Sahyog’
30%
Female representation in the workforce of
the Bank by FY27 (from ~25% in FY22)
₹10K Cr
Incremental disbursements under
Asha Loans by FY24
1st
Indian Bank to constitute an ESG Committee
of the Board
58%
Independent, non- executive directors on
the Board
25% Women directors on the Board
‘Leadership in Transparency’ award at the
ESG India Leadership Awards 2021
Only private sector bank to achieve
‘Platinum’ in Green Existing Building
(Operations and Maintenance) rating
Won ‘Leadership in Social
Impact’ award at the ESG
India Leadership Awards
2021
16
5%
Retail 2-wheeler portfolio as
Electric by FY24 (targeted) 1 Mn
Households reached under Axis Bank
Foundation’s Sustainable Livelihoods
program since 2018
BitSight Rating, demonstrating highest
level of performance on cybersecurity
780/
900
C

Financial Highlights
Business Segment performance
Asset Quality
Capital and Liquidity Position
Future of Work and Sustainability
Subsidiaries’ Performance
17
Other important information
Executive Summary

Major highlights of Q4FY22
18
Well capitalized with adequate liquidity
buffers
Strong loan growth delivered across
focused business segments
Healthy growth in granular deposits
Robust operating performance
• Overall capital adequacy ratio (CAR) stood at 18.54% with CET 1 ratio of 15.24%
• ` 5,012 crores of COVID provisions, not considered for CAR calculation provide cushion of 60 bps over the reported CAR
• Average Liquidity Coverage Ratio (LCR) during Q4FY22 was 116% improving QoQ
• Excess SLR of ` 96,190 crores
• Deposits on QAB basis grew by 19% YOY and 4% QOQ, deposits MEB grew 6% QOQ
• On QAB basis, SA grew 19% YOY and 2% QOQ, CA deposits grew 19% YOY and 3% QOQ
• On QAB basis, CASA grew 19% YOY and 2% QOQ, CASA ratio stood at 43%, up 70 bps YOY
• On QAB basis, Term deposits grew 19% YOY and 6% QOQ
• Retail loans grew 21% YOY and 9% QOQ, SBB1 and Rural loans portfolio grew 60% YOY & 29% YOY
• Q4FY22 Retail disbursements were up 21% YOY and 30% QOQ basis SBB, Rural and PL disbursements up 85% , 53% & 23% YOY
• SME loans grew 26% YOY and 13% QOQ, SME disbursements were up 27% QOQ, Mid-corporate book grew 45% YOY & 13% QOQ
• Net Loans grew 15% YOY and 6% QOQ
• PAT at ` 4,118 crores, up 54% YOY and 14% QOQ, Annualized Q4FY22 ROE at 15.87%, improving 415 bps YOY & 168 bps QOQ
• Fee income grew 11% YOY and 12% QOQ, granular fee constituted 91% of overall fees. Fee income for FY22 grew 22%
• Operating profit grew 13% YOY and 5% QoQ , NII grew 17% YOY and 2% QoQ
• Retail fee grew 14% YOY and 14% QOQ; Retail assets (excl. cards) fee grew 41% YOY and 16% QOQ
Declining gross slippages and NPA’s,
moderating credit costs, limited
restructuring
• Net loan slippages declined by 75% QOQ. Net slippage ratio (annualized) stood at 0.13%, improving 115 bps YOY and 42 bps QOQ
• Annualized credit cost for Q4FY22 at 0.32%, declined by 116 bps YOY and 12 bps QOQ
• GNPA at 2.82% declined by 88 bps YOY & 35 bps QOQ, NNPA at 0.73% declined 32 bps YOY & 18 bps QOQ, PCR healthy at 75%
• Coverage 2 ratio at 1.77%, Standard Covid-19 restructuring implemented loans at 0.52% of GCA
Key subsidiaries consistently delivered
strong performance
Continue to maintain strong position in
Payments and Digital space
• Over 1.1 million credit cards acquired in Q4FY22, highest ever for any quarter; incremental CIF market share of ~17% in Sep’21-Feb’22
• 2nd largest player in Merchant Acquiring with terminal market share of 16%, incremental share of 31% in 11MFY22
• 15% market share in UPI transactions & 19% in P2M Acquiring (by throughput) in Q4
• Among the highest rated mobile apps with Apple App | Google Play store ratings of 4.6 | 4.6, Mobile banking market share stood at 14%
QAB: Quarterly Average Balance
1 SBB : Small Business Banking; 2 Coverage Ratio = Aggregate provisions (specific + standard + additional + Covid) / IRAC GNPA
Strong growth across deposits and loans, robust operating performance, improving asset quality
• Domestic subsidiaries reported a total PAT of ` 1,195 crores in FY22, up 44% YOY; Return on investments in subsidiaries at 54%
• Axis AMC’s FY22 PAT grew 47% YOY, Axis Securities FY22 PAT grew 40% YOY
• Axis Finance FY22 PAT grew 72% YOY, ROE stood at 20%, asset quality metrics improve with net NPA declining 151 bps YOY to 0.46%
• Axis Capital completed 44 ECM deals in FY22, with PAT up 20% YOY
Q4 FY22 Consolidated ROE (annualized) at 16.67% with subsidiaries contributing 80 bps

Absolute (Rs. Cr) YOY Growth
Q4FY22 FY22 Q4FY22 FY22
Net Interest Income 8,819 33,132 17% 13%
Fee Income 3,758 13,001 11% 22%
Operating Expenses 6,576 23,611 23% 28%
Operating Profit 6,466 24,742 13% 7%
Net Profit 4,118 13,025 54% 98%
FY22 YOY Growth
Total Assets 11,75,178 19%
Net Advances 7,07,696 15%
Total Deposits ^ 8,21,721 18%
Shareholders’ Funds 1,15,025 13%
FY22 FY21
Diluted EPS (Annualised in `)
(Q4/FY)
54.27 / 42.35 35.37 / 22.09
Book Value per share (in `) 375 332
ROA (Annualised) (Q4/FY) 1.46 / 1.21 1.11 / 0.70
ROE (Annualised) (Q4/FY) 15.87 / 12.91 11.72 / 7.55
Gross NPA Ratio 2.82% 3.70%
Net NPA Ratio 0.73% 1.05%
Basel III Tier I CAR 16.34% 16.47%
Basel III Total CAR 18.54% 19.12%
6,588
13,025
FY21 FY22
23,128 24,742
FY21 FY22
Key metrics for Q4FY22
Snapshot (As on 31st March 2022)
19
81%
CASA + RTD #
Deposits # 19% YOY
57%
11%
32%
Retail SME Corporate
21% YOY
Advances 15% YOY
Profit After Tax (in ₹ Crores)
#QAB – Quarterly Average Balance
13% YOY (QAB#)
11% YOY (End Balance)
Operating Profit (in ₹ Crores)
19
7% YOY
Balance
Sheet
Profit
&
Loss
Key
Ratios
^ period end balances
98% YOY
26% YOY 4% YOY

Asset Quality
20
Executive Summary

6,144 6,149 6,217
6,649 7,077
Mar-21 Jun-21 Sep-21 Dec-21 Mar-22
Domestic Overseas
6,427
6,858 7,134 7,356 7,664
Q4FY21 Q1FY22 Q2FY22 Q3FY22 Q4FY22
NRTD RTD SA CA Total
14%
41%
18%
40%
Strong growth performance across deposits and loans
^ Quarterly Average Balance 21
All figures in ₹ Billion
6,427
6,858 7,134 7,356 7,664
Deposits (QAB)^
Deposit mix (QAB)^
Loans
Segment loan mix
94% 93%
6% 7%
93%
7%
43%
17%
13%
29%
26%
21%
15% YOY
19% YOY
19%
6%
58%
19%
19%
15%
35% YOY
14% YOY
29%
14%
(54%)
(36%)
(10%)
3,313 3,312 3,456 3,675 3,999
609 585 625
679
771
2,222 2,251 2,136
2,295
2,307
6,144 6,149
6,217
6,649
7,077
Retail SME Corporate
30%
12%
4%
93%
7%
14%
30%
40%
16%
YOY QOQ
2%
1%
21%
3%
4%
YOY QOQ
13%
9%
6%
0.3%
14%
29%
38%
19%
93%
3.90% 3.78% 3.60%
3.69%
Cost of
Deposits 3.65%

13%
15%
13%
11% 12%
10% 9% 10%
12% 13%
16%
14%
18% 19%
21%
25%
19%
Average CASA growth (YoY)
1,26,270
1,34,627
1,37,281
1,40,081
1,42,967
1,47,455
1,50,560
1,56,801
1,60,865
1,69,160
1,72,638
1,78,824
1,88,910
2,01,631
2,12,411
2,21,207
2,25,683
60,581
61,348
61,334
66,664
66,709
68,777
64,993
69,687
74,312
74,491
76,738
80,003
87,846
87,507
90,301
1,01,603
1,04,544
Mar-18 Jun-18 Sep-18 Dec-18 Mar-19 Jun-19 Sep-19 Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22
SA QAB CA QAB
78%
75%
86%
* Till Q4FY19 Q4FY19 ^Since Q1FY20
CA QAB as % of period end
CA balances
92%
93%
95%
*Till Q4FY19 Q4FY19 ^Since Q1FY20
SA QAB as % of period end
SA balances
86% 86%
92%
*Till Q4FY19 Q4FY19 ^Since Q1FY20
CASA QAB as % of period
end CASA balances
CASA growth trajectory has considerably improved led by our focus on
granularization and persistency
15% CAGR#
16% CAGR#
22
#Mar-18 to Mar-22
*Q1FY17 to Q4FY19
^Q1FY20 to Q4FY22

1.96%
2.05% 2.12% 2.15% 2.17%
Opex to Assets annualized
1,668 1,852 1,936 1,939 1,887
3,691 3,081
3,835
4,393 4,689
5,359
4,932
5,771
6,331 6,576
Operating expense
Staff cost Non-staff cost
2,677
2,160
3,133
3,614
4,118
7,555 7,760 7,900 8,653 8,819
3,541 3,358 3,798
3,840 4,223
11,096 11,118
11,699
12,493
13,042
Operating revenue *
Net Interest Income Non-Interest Income
Net Profit up 54% YOY & 14% QOQ, Operating profit up 13% YOY & 5% QOQ
23
All figures in ₹ Crores
Profit after tax
18% YOY
19% YOY
17% YOY
13% YOY 54% YOY
* Prior period numbers are restated to reflect the change in presentation of provision for depreciation on investments as per guidelines issued by RBI in Aug
21 and reclassification of income from recoveries in written off accounts
5,737
6,186
5,928
6,162
6,466
Operating profit *

3.53%
3.49%
0.06%
0.02%
NIM Q3 FY22 Interest Reversal Spread NIM Q4 FY22
NIM Movement - Q3 FY22 to Q4 FY22
Favourable Unfavourable
Net interest margin
5.20%
4.93%
4.60%
4.30%
4.10%
3.97%
3.87%
3.77% 3.83%
Q4FY20 Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22 Q2FY22 Q3FY22 Q4FY22
24
Cost of Funds
RWA
Intensity
23%
32%
4%
2%
37%
2%
MCLR linked Fixed
Foreign currency- floating Base Rate linked
Repo linked Other EBLR*
Advances mix by rate type
1M
2%
3M, 2%
6M, 7%
12M, 12%
MCLR Duration Split
(Mar-22)
62% 61%
6.91% 6.96% 6.95%
7.25% 7.11%
3.56% 3.46% 3.39% 3.53% 3.49%
3.71% 3.57% 3.50% 3.66% 3.64%
NII as a % to RWA NIM - Overall NIM - Domestic
Net interest Margin (NIM)
*External benchmark linked rate

1,212
1,008
1,192 1,182
1,295
2,164
1,660
2,039 2,161
2,463
25
Retail Banking fees
14% YOY
14% QOQ
• 23%YOY and 31% QOQ growth in Third Party products (TPP) distribution fees; of which
insurance distribution fees grew 12% YOY and 32% QOQ
• 41% YOY and 16% QOQ growth in Retail Assets (excl cards) fees reflecting pick up in
disbursements
• 14% YOY and 5% QOQ growth in Retail Cards fees
• 11% YOY and 6% QOQ growth in Transactional Banking ^ fees
Corporate & Commercial Banking fee
7% YOY
10% QOQ
We have built granularity in fees across our business segments
63%
64% 62%
35%
36% 38% 37%
65%
* Figures in % represent share of segment contribution to total fees
^
24%
32%
19%
25%
23%
35%
23%
19%
26%
32%
24%
18%
TPP Retail card Retail Assets excl Cards Retail Liabilities & others
Q4FY21 Q3FY22 Q4FY22
72%
26%
2%
77%
19%
4%
75%
21%
4%
Transaction Banking Credit Treasury
66%
34%
*
*
Retail fee mix
Corporate & commercial banking fee mix
Trade, Forex and Financial Institutional payments related fee form part of Transaction Banking

Asset Quality
26
Executive Summary

11.27%
13.34%
15.40% 15.24%
4.57%
4.19%
3.72% 3.30%
15.84%
17.53%
19.12% 18.54%
Mar 19 Mar-20 Mar-21 Mar-22
CET 1 CAR (AT1 + Tier 2) CAR
Bank’s Capital Adequacy Ratio
* Includes effect of one-off item impacting around 1%
69%
67%
64%
61%
RWA to Total Assets
*
113%
120%
117%
107%
116% 115%
120%
114%
116%
60%
70%
80%
90%
100%
110%
120%
130%
140%
Q4FY20 Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22 Q2FY22 Q3FY22 Q4FY22
Liquidity Coverage Ratio (consolidated)
Bank's LCR (consolidated)
Regulatory minimum LCR
The Bank holds excess SLR of `96,190 crores
Strong capital position with adequate liquidity
27

Asset Quality
28
Executive Summary

81%
CASA + RTD ratio
(QAB)
~28 Mn
SA customers
64%
Sourcing* from ETB
customers
`2.6 Tn
AUM in wealth
management
Retail Banking
57%
Share of
Advances~
66%
Share in total fee^
21%
Growth in
advances
19%
Growth in SA
QAB deposits
4th
Largest issuer of
Credit Cards
*for Retail Assets (by volumes) in Q4FY22 from Existing to Bank (ETB) customers
~ share in Bank’s total advances, ^ share in Bank’s total fee for Q4FY22

57.0% 56.1%
43.0% 43.9%
FY21 FY22
Higher customer engagement led to broad base growth from ETB relationships
Focus on Premiumization leading to higher share in ETB Retail SA book
30
Burgundy
Priority
Prestige
Prime
Easy
Private
# Premium includes Burgundy Private, Burgundy, Priority and Prestige and NRI segments
Strong growth in SA deposits led by deepening and premiumisation strategy
^ Not to scale, Area doesn’t represent the actual proportion of deposits
Customer segmentation^
• Created liability sales vertical in FY20 to have greater outreach and sharper focus on quality of NTB* acquisitions; Branch channel continued
• its focus on deepening ETB* relationships
• Premiumisation strategy focuses on improving account quality of overall balances while increasing contribution from premium# segments
We continue to see improvement in number of NTB acquisitions
* ETB – Existing to Bank; NTB – New to Bank
* as percentage of Retail SA (excluding government)
Share of ETB Retail SA Balances
(Indexed)
Premium
ETB SA*
Premium segment share in the
ETB Retail Savings portfolio
increased by ~90 bps YoY
Strong traction in SA (QAB) deposits continues …
^^Retail non institutional savings
100
125
135
Retail Savings ^^ (in nos)
YOY QOQ
Retail SA 16% 1%
Govt SA 38% 5%
Overall SA 19% 2%
100
123 129
Premium segment (in nos)
(Indexed)

83% 79% 81% 81% 82%
as % of overall disbursements
31
Rs 4 trillion Retail loan book is well diversified and ~80% secured with
significantly high proportion of ETB and salaried customers
Retail book
124
90
78
49
100
Q4FY22
Q3FY22
Q2FY22
Q1FY22
Q4FY21
Indexed to 100
Disbursement trends in secured loans
3,313 3,312
3,456
3,675
3,999
(in ₹ Billion)
100% of PL and 71% of Credit Cards portfolio is to salaried segment
Average LTVs:
53% in overall home loan portfolio
36% in LAP portfolio
Sourcing:
54% contribution from Branches to overall Retail book sourcing
43%
58%
59%
78%
81%
86%
SBB
HL
Auto
LAP
Personal
Loan
Credit
Card
ETB mix in retail portfolio
12% 14%
16% 18% 21%
7%
0% 4% 6% 9%
~ 80% of our retail book is secured
in Rs Crores Mar-22 QOQ YOY % Prop
Home Loans 1,43,133 6% 18% 36%
LAP 42,472 9% 29% 11%
Auto loans 44,421 6% 9% 11%
SBB 28,617 20% 60% 7%
Comm Equipment 7,410 9% 24% 2%
Personal loans 45,242 8% 15% 11%
Credit Cards 15,847 7% 19% 4%
Rural loans 56,332 21% 29% 14%
Others 16,417 2% - 4%
Total Retail 3,99,891 9% 21% 100%
YOY
QOQ

0.18
0.28
0.43
0.24
0.55
0.77
1.11
Q2FY21 Q3FY21 Q4FY21 Q1FY22 Q2FY22 Q3FY22 Q4FY22
^ Known to Bank * Aug’21 to Feb’22 as per RBI reported data
Credit Card issuances at an all time high
157% YOY
44% QOQ
17%
2.67 mn cards issued in FY22, highest ever yearly card issuances for the Bank
Highest number of net cards issued in the industry for the month of February
28%
share of KTB sourcing to total card
issuances in FY22, up from 21% in
FY21 and 6% in FY20
Pre-covid quarterly
average = 0.49 mn
incremental market
share in last 6 months*
12%
period end market share
as of Feb’22 , up 48 bps in
11MFY22 period
Increase in Cards in force (CIF) mkt share with increasing card issuances aided by KTB^ partnerships
New Launch
Airtel Axis Bank Credit Card
Axis Bank’s strategic partnership with Airtel
• This one of its kind collaboration will help widen the
access to credit and various digital financial offerings
from Axis Bank for Airtel’s 340 million customers.
• The first-of-its-kind ‘Airtel Axis Bank Credit Card’ offers a
host of attractive benefits such as cashbacks, special
discounts, digital vouchers and complimentary services to
Airtel customers.
0.29
0.34
0.48
Jan’22
Feb’22
Mar’22
In million

End to End Digital KTB acquisition journey with best in class early activation
and spend metrics for Flipkart Axis Bank Credit Card
2.22 mn$
CIF for Flipkart Axis Bank Credit
Card, making it one of the fastest growing co-brand
portfolio since its launch in July 2019
70% monthly activity rate* - Best in class
engagement in Retail segment
12%higher spend per card* , as compared to
industry^
$ CIF as of 31st Mar 2022
*Based on the average data for the period Apr-21 to Feb-22 for cards acquired via Flipkart Platform
^industry data basis RBI card statistics (inclusive of Affluent & Commercial cards)
33
Customer clicks on
Flipkart Axis Bank
Credit card banner
and can view details
Approved customers complete KYC
and income verification via digital or
physical channels
Customer fills up the
form and submits the
application

6.00% 6.50% 6.90% 6.75% 6.73% 7.07% 7.14%
4.20% 3.90%
1.50% 1.71% 1.75% 1.40% 1.72%
10.2% 10.4%
8.4% 8.5% 8.5% 8.5% 8.9%
FY19 FY20 FY21 Q1FY22 Q2FY22 Q3FY22 Q4FY22
Retail CC spends Commercial CC spends
Retail Cards market share continues to improve steadily
*Market share based on RBI reported data for the months of Jan’22 and Feb’22
46 % YOY
50% YOY
35% YOY
*
20% QOQ
-1% QOQ
*
3 % QOQ
Credit card spends up 46% YOY; retail cards market share improves further
Rationalized non profitable and high risk
segment of Commercial card business
impacting the overall market share
Overall Credit Card spends
Trend in Debit Card spends
` 24,850 Crores
13,334
10,431
13,406
15,364
12,054
All figures In ₹ Cr
10 % YOY
22 % QOQ
• Axis Bank Credit Card spends have grown faster than the industry
(60% YOY Vs Industry’s 55% YOY) in 11MFY22 period
• Axis Bank Debit Card spends have grown faster than the industry
(16% YOY Vs Industry’s 12% YOY) in 11MFY22 period
*
‘GRAB DEALS’, Axis Bank's exclusive shopping platform has scaled up significantly
~10x YOY increase in GMV
9x YOY growth in transactions
34

35
We are the 2nd largest Merchant Acquiring Bank led by ‘One Axis’ focus, improved product
capabilities and partnerships
3rd 4th
13.6%
11.8%
12.8%
14.7% 14.8%
15.9%
16.3%
Mar'19 Mar'20 Mar'21 Jun'21 Sep'21 Dec'21 Feb'22
3rd 3rd 2nd
10.9%
11.9%
13.6% 14.2% 14.8%
18.0%
19.7%
Mar'19 Mar'20 Mar'21 Jun'21 Sep'21 Dec'21 Feb'22
Market share in POS terminals
Market share in throughput
31%
Axis incremental market share
in 11MFY22 (POS Terminals)
610 bps
Incremental market share gained in 11MFY22
(based on throughput)
4th
Source: RBI data, available till Feb’22
Rank 2nd
Capabilities and products
Powerful terminals: State-of-the-art, feature rich terminals; Android Smart
POS, Pocket Android POS launched – 46% penetration on new
installations in FY22
Marquee partnerships: Extension of digital payments ecosystem to
fintech aggregators
Market partnerships
One Axis approach – Taking Bank to Merchant
Curated solution offerings : Payment solutions, Deposits, Business loans,
Credit Cards and Insurance
Co-origination & conversion drives reflecting in healthy CASA balance growth
All in One offering : Features like Tap & PIN, Bharat QR, Digital
Khata with VAS offerings like Card less EMI, Pay Later, Merchant
Rewards
Unique sector specific VAS: supported by deep integrations
with merchant value chain players to provide holistic business
oriented solutions

Empowering Merchants through Integrated Ecosystem solutions
36
Bundled with no minimum balance Current account
Proposition
Deep integrated supply chains with
cashback & offers
Multiple VAS offering- CRM, Loyalty
program, online store setup, store analytics
etc.
All payment modes in one app, integrated with
GST ready billing application
Sector specific solutions as per business
needs including Catalogue & Inventory
management etc.
Strong and deep rooted alliance with multiple
partners across India with over 1.5 lakh MIDs and a
yearly throughput of 15k+ crores
Worldline
Payswiff

The Bank is a leading player in India’s Wealth Management space
37
Burgundy Private was launched on 2nd December, 2019
1,666
2,093
2,790
3,209
3,490
Burgundy Private Client Base
1,510 1,607
2,423
2,941
3,447
Burgundy Private 3-in-1 Cards
Burgundy Performance has been strong
(CAGR for Mar’17 -Mar’22 period)
79,127
1,23,298 1,32,702
1,47,002
2,13,085
2,60,768
Mar-17 Mar-18 Mar-19 Mar-20 Mar-21 Mar-22
Overall Burgundy AUM^ has grown steadily
All figures In ₹ Cr
~ includes RMs, Wealth Specialist team, Managing partners and Investment Advisors
27% Fee income
20% Customer base
8% Touch points ~
50,028
63,372
75,954
81,242
86,959
Burgundy Private AUM
4th
largest Wealth
Management
business - India
Asian Private Banker
2020 League Table
74% YOY
7% QOQ
22% YOY
^ includes Burgundy Private AUM as well
109% YOY
9% QOQ
17% QOQ
128% YOY
27% Assets under management

30%
23%
30%
17%
Metro Urban Semi-Urban Rural
4,050
4,528 4,594
4,758
Domestic branch network*
* Includes extension counters
38
We have a very well distributed branch network
Branch presence across categories
• Connected with 5.7 mn customers on a monthly
basis through this channel in Q4 FY22.
• AVC manages relationship with our existing
customers under affluent and other programs
• AVC expanded to three new centres across
Mumbai, Ahmedabad and Kolkata during FY21 and
is now present across West, South, North and East
with six centres
5.7 mn
Customer
connect ^
6
Centers
1500
Virtual RMs
Axis Virtual Centre
^ Customers contacted every month
• Calibrated approach towards new branch additions across focused regions, added 164 branches
in FY22
• Aligned to our Bharat Banking strategy, specific RuSu branches follow an asset-led liability model
• Dedicated Asset Desk Managers for fulfilment of all loan leads at select branches
• Select Platinum branches to cater to SBB customer base

Corporate & Commercial Banking
1st
Rank in DCM~
for rupee bonds
27%
YoY growth in
CBG* advances
9%
Market share in GST
payments (Q4FY22)
92%
Incremental sanctions
to A-and above**
34%
Share of short
term loans to overall
corporate loans
12%
Foreign LC Market
Share Q4FY22
* Commercial Banking Group ~ Debt Capital markets
** in corporate segment for FY22
88%
Share of corporate
advances to clients
rated A-and above
45%
YoY growth in
Mid Corporate book
19%
YOY growth in CA
(QAB) deposits

Strong relationship led franchise driving synergies across One Axis entities
‘One stop shop’ for Banking needs of Indian Corporates
3
4
Full Service
Corporate &
Commercial
Bank
• Wealth Management – Burgundy / Burgundy Private
• Salary Accounts of employees
Linkage to Retail Bank
• Debt Capital Markets (DCM)
• Equity Capital Markets (ECM)
• M&A & Advisory
• Forex & Derivative Solutions
Treasury, Capital Markets & Investment Banking
• Cash Management
• Trade & Supply Chain
• Letter of Credit/ Bank Guarantee
• Bill/ Invoice Discounting
• Current Accounts
• Correspondent Banking
• Custodial Services
Transaction Banking
• Working Capital / Term Loans
• Wholesale Deposits
Loan & Deposits
1
2
Axis Capital
A.Treds
Axis Trustee
Axis Finance
Axis MF
Reliable Partner Throughout the Business Life Cycle
Strategic Client Group
Mid Corporate
Government Coverage
Multi-national
Large Corporate
Financial Institution
Group
Structured Assets
Commercial Banking
We have re-oriented the organisation structure in Corporate & Commercial Banking for delivering execution excellence
• Segregated the responsibilities of coverage and product groups to ensure sharper focus
• Corporate & Commercial Bank coverage reorganized into 8 coverage groups, each with a stated objective
• Strengthened the leadership team across Mid Corporate, MNC, Government Coverage, Transaction Banking and Forex Sales
We continue to have penetration of 9 or more products and services across our top corporate relationships including at least two services offered by our subsidiaries

38% 38% 34%
62% 62% 66%
Mar-20 Mar-21 Mar-22
Corporate loan book mix
(tenure based)
Short term loan Long term loan
Short term refers to loans of less than 1 yr tenure; Long term refers to loans of greater than 1 yr tenure
95% 94% 92%
FY20 FY21 FY22
Incremental sanctions to corporates
rated A- & above
83% 85% 88%
17% 15% 12%
A- or better BBB and below
…with better rated originations and focussed on short term loans
88% of the book is rated A- or better
41
59% of sanctions
were to those rated
AA- & above
1,79,561 1,89,878 1,84,988
29,015
32,286 45,750
2,08,576
2,22,164
2,30,738
Corporate Loans
Overseas Domestic
4%
YOY QOQ
0.3
65% of book as on
31.3.2022 is rated
AA- & above

• The Bank’s International strategy is to focus on Indian corporates that have global operations
• We have consolidated our overseas business through branches in Dubai, Singapore and Gift City, India
• Gift City IBU1 has grown strongly as we continue to expand our trade finance business and leverage our leadership in treasury
Overseas corporate loan book is 96% India linked
96%* India linked
94%* rated A and above
86% 85% 80%
14% 15% 20%
Domestic Overseas
Overseas loan contribution driven by
Gift City IBU
Well balanced in term and working capital loan mix
... the funding is primarily for Indian
conglomerates and PSU entities
* Based on standard book only
68% constituted by top 10 conglomerates
We have the largest IBU in GIFT City
$4.99 bn asset book size
75% YOY growth in Trade Finance book in Q4FY22
Leadership position in treasury segment – with
highest share of Non Deliverable Forwards (NDFs)
trading volumes among all IBUs
1 International Business Unit

We have strengthened our proposition as a Transaction Bank
RTGS Payment Market Share
Increase in market share
7.5% (Q4FY21) to 8.9% (Q4FY22)
Bharat Bill Payment System
Ranked 1st in Addition of number of Billers to
BBPS Ecosystem.
Forex Turnover Market Share
Market share maintained at
4.7% (Dec’21)
Source:
Foreign LC – SWIFT Watch
RTGS Payment – RBI Report
Forex Turnover – RBI Report (Not updated post Feb’22)
IPO – SEBI Report
Current Account
19% YoY growth in Current Account quarterly
average Balances (Q4FY22)
Foreign LC Market Share
Increase in market share
11.1% (Q4FY21) to 12.3% (Q4FY22)
Digital Adoption
72% Current Account customers
registered for internet/mobile banking
Greenwich Service Excellence 2021
for Large Corporates and Middle Markets – Knowledge of
Transaction Banking needs
• Concluded structured derivative transactions with leading Indian
corporates, under the new RBI guidelines for OTC derivatives
Initial Public Offering (IPO)
Ranked 1st in “IPO” business.
• Successfully executed the industry-first Blockchain enabled domestic trade transaction
43

34,904
32,190
38,642
48,293
45,144
16%
14%
18%
21%
20%
% to Corporate Loans
17.7% 18.3%
Q4FY21 Q4FY22
We remain well placed to benefit from a vibrant Corporate Bond market
Placement & Syndication of Debt Issues
90,050
76,899
FY21 FY22
Market share and Rank*
^ Only includes the proportion of amount arranged by Axis Bank *As per Bloomberg League Table for India Bonds
1st
15% YOY
1st
44
Movement in corporate bonds
• Leveraging our leadership position in Debt capital markets, we had mobilized
~ `18,043 crores through active participation in the TLTRO auctions
• We have invested funds in marquee names (non FI, non PSU) thereby
helping to build some new client relationships in wholesale segment .
• We have limited our investments under this book to AAA/AA rated corporate
issuers
Amount mobilized / arranged^
Ranked No. 1 arranger for rupee denominated bonds as per
Bloomberg league table for CY20
Ranked No. 1 arranger for rupee denominated bonds as per
Bloomberg for 15 consecutive calendar years since 2007
Bank has been awarded as the Best DCM House at the
Finance Asia Country Awards, 2021

1 Figures stated represent only standard outstanding (advances, investments and non fund based) across all segments
2 Includes Banks (37%), Non Banking Financial Companies (31%), Housing Finance Companies (16%), MFIs (7%) and others (9%)
3 Financing of projects (roads, ports, airports, etc.)
4 Lease Rental Discounting (LRD) outstanding stood at `15,632 crores
Industry-wise Distribution (Top 10)
All figures in ` Crores
45
Rank
Outstanding1 as on 31st Mar’22
Sectors
Advances Investments
Non-fund
based
Total
Value (in % terms)
1. Financial Companies2 59,660 23,561 24,160 1,07,381 12.06%
2. Engineering & Electronics 14,110 2,023 28,345 44,478 5.00%
3. Infrastructure Construction3 23,517 5,386 12,660 41,563 4.67%
4. Power Generation & Distribution 23,449 2,629 4,888 30,966 3.48%
5. Trade 23,252 700 4,369 28,321 3.18%
6. Petroleum & Petroleum Products 8,626 3,788 15,444 27,858 3.13%
7. Iron & Steel 14,237 1,428 8,785 24,450 2.75%
8. Real Estate4 21,402 793 701 22,896 2.57%
9. Chemicals & Chemical Products 11,982 270 8,763 21,015 2.36%
10. Automobiles & Ancillaries 15,919 2,433 1,673 20,025 2.25%

Commercial Banking
Business Performance

47
Private
Commercial Banking business benefitting from technology led transformation
• One of the most profitable segments of the Bank with high PSL coverage
• Data driven credit decisions, minimal documentation, simplified products and digitized operations aiding higher business growth
100
113
125
CBG Current Account
Balances (QAB)
100
153
Mar-21 Mar-22
New to Bank (NTB) book YTD
Indexed to 100
Indexed to 100
85% 86% 86%
15% 14% 14%
SME-3 or better Others
60,932
67,909
77,067
CBG Advances
86% of book is rated SME3 or better
26% YOY
13% QOQ
24% of Burgundy & Burgundy Private accounts in
Q4FY22 were sourced through CBG
89% of loans were PSL compliant

SME lending book is well diversified, 96% of SME book is secured and predominantly
working capital financing
Well diversified Geographical mix Well diversified Sectoral mix
Book by Loan size
78% 70% 68%
22% 30% 32%
Short term loan Long term loan
85% 89% 96%
15% 11% 4%
SME book mix (by type)
Secured Unsecured
SME book mix (by tenure)
84% 84% 83%
FY20 FY21 FY22
Incremental sanctions to SME rated
SME3 & above
43%
22%
23%
12%
Less than 5 Cr 5 cr 10 cr
10 cr to 25 cr More than 25 cr
16%
18%
11%
19%
11%
9%
16%
West 1 West 2 South 1 South 2
North 1 North 2 East
16%
10%
9%
8%
5%
5%
4%
4%
4%
3%
3%
3%
2%
2%
22%
Trade Retail & Wholesale Food and Beverages
Textile Engineering Others
CRE Petrochemical and Petroleum Products
Other Metal and Metal Products Chemicals
Drugs and Pharmaceuticals Iron & Steel - Manufacturing
Industrials Education & Training
Gems & Jewelery Infrastructure Construction Other
Others
48

Transformation
Capabilities
D2C products
68%
Fixed deposits
opened (FY22)
76%
Digitally active
customers(Q4FY22)
70%
New SA
acquisition*
46%
PL disbursed**
78%
Credit cards
issued** (FY22)
46%
New MF SIP
sales (FY22)
250+
Services on
digital channels
91%
Digital
transactions^^
14%
Market share in
mobile (FY22^)
99,500+
Staff on BYOD~
1000+
Automated
Processes (IA)
15%
Market share in
UPI (FY22)
350+
In-house
development
team
1500+
People
dedicated to
digital agenda
76%
New hires from
non-banking
backgrounds
PB
Scale big data
Hadoop
clusters
40+%
Lift of bank
credit model
GINI scores
over bureau
55+
Apps on cloud
4.6
Mobile App
ratings
Agile
Enabled teams
with CI/CD,
micro-services
architecture
300+
Employee tool
Journeys
^^Based on all financial transactions by individual customers in FY22
*Digital tablet based account opening process for FY22 ^RBI data for 11MFY22
** through phygital and digital mode in FY22
Digital Banking
~5.6 Mn
Non Axis Bank customers using
Axis Mobile & Axis Pay apps
28%
Contribution of KTB channels to overall
sourcing of Cards (in FY22)
~Bring your own device enabled for staff and outsourced team

Our digital strategy is aligned with our GPS strategy
Reimagine Customer
Proposition
Transform
the Core
Build Future-ready
Capabilities
A B C
Ops excellence & institutionalization of
data & tech enabled operating rhythm
Twin-engine approach to build
digital stack and modernize the core
Modular, resilient technology with
Cloud first architecture
Next gen cyber security capabilities
Proprietary in-house capabilities for
accelerated design and go-to-market
Data architecture 3.0; moving
beyond analytical models to data
engineering
Integrating alternate, unconventional
data for risk-moderated growth
Digital workforce for digital
consumers
Creating a cutting edge, future
ready workspace 2.0
Digital-first products
embedding design thinking
End-to-end simplification of
customer journeys
Banking services integrated
across partner ecosystems
Omnichannel experience to
differentiate customer experience
and hyper personalization
Link to Bank’s detailed Digital Banking 2.0 Presentation
50

We continue to introduce and scale new products driven
by our OPEN philosophy
Our product portfolio New launches
O/W Remittance
Buy Now Paylater
GrabDeals CA Sole Propreitor
Auto loan
Insurance 2.0
Cards lifecycle
0-based redesign;
customer centric, design
led and 0-operations
Proprietary in-house
capabilities
Ecosystems capable;
built for all Axis and
partner channels
Numbers, Numbers,
Numbers: Impact led
and metrics driven
51
Merchant Card Advance

We are investing heavily in building capabilities
52
Building the right talent
• 1500+ people dedicated to digital agenda
• ~76% new hires from non-banking background
• 350+ member full service inhouse team:
• Fully cloud ready: new customer facing applications as cloud native
• CI-CD pipeline in place; using new age tools such as Jira,
Confluence, Bitbucket, Jfrog etc
• Deployment in Kubernetes clusters for scale
• Modular micro-services based architecture
Enabling the team through technology
1 2
3 Establishing agile processes
• Agile operating model established
• Cross-functional teams as end-end owners
• Operating rhythms across daily huddles, development in sprints, in-
sprint automated user testing setup
• Dev-ops infrastructure set up. Info-sec checks integrated into
development lifecycle
4 Setting the right data infrastructure
• Design
• Product managers
• Developers: Front-end, back-
end, full stack
• Dev-ops
• QA
• Scrum masters
• Digital marketers
• Big data clusters developed on Hadoop with PetaByte scale data
• 150+ use cases deployed across credit, fraud, marketing analytics
on cloud decisioning platform
• Multiple machine learning based credit models developed; 2000
attributes considered; up to 40+% lift on GINI over generic bureau
models

We are moving to Data Architecture 3.0
Data Stack 3.0 - Cloud
Structured, Semi Structured and Unstructured Data
Streaming Analytics Data Science
BI ML
On the fly elasticity
Separation of compute from storage
Big data clusters developed on Hadoop with
PetaByte scale data
150+ use cases deployed across credit, fraud,
marketing analytics on cloud decisioning platform
Multiple machine learning based credit models
developed; 2000 attributes considered; over 40%
lift on GINI over generic bureau models
53
100+ nudges developed & deployed via custom
cloud native serving layer
Building alternate data platforms to enable score-based
underwriting large cross section of lendable population
Building data stack 3.0 for next level of analytics and have created service data lake for enhanced
customer experience

1,166 1,271
1,636
2,046
2,302
4,76,612
3,67,649 3,87,737
5,05,504
5,44,822
We are among the top rated players in mobile banking
Source: RBI data
Axis Bank Mobile App
People’s Choice
Store Rating
4.6
4.6
14%
Market share in
mobile banking
(FY22^)
~5.6 Mn
Non-Axis Bank customers using
Axis Mobile & Axis Pay apps
Axis Bank Mobile Banking Spends (in Cr) and Volumes (in Mn)
Mobile banking spends (in ` Cr)
97% YOY
14% YOY
9 Mn
Monthly active users on
Axis Mobile Banking
250+
DIY Services on
mobile channel
16x
MB logins to IB
logins
60%
MB customers banking
only on mobile app
^RBI data for 11MFY22
54

1,63,779
1,96,020
2,58,747
3,39,105
3,62,993
1,052
1,209
1,592
1,995
2,251
Quarterly transaction value (in `Cr)
Quarterly transaction volume (in mn)
55
UPI has scaled up tremendously to become a key channel for customer transactions
122% YOY
114% YOY
We have developed best-in-class UPI stack that enables us to offer cutting edge customized solutions across SDK, Intent,
Collect and Pay offerings apart from new use cases like UPI AutoPay
Dedicated IT cloud infrastructure to exclusively handle high volume UPI transactions has resulted in Axis Bank achieving
one of the lowest decline rates as a remitter when compared to peer banks
312 mn
Cumulative VPA base**
Strong customer base and partnerships
Marque partnerships across the PSP and
acquiring side
and many others..
** A user registering VPA once in Axis Pay and once in Google Pay is
counted as 2
The Bank maintained its strong positioning in the UPI space with a market share of 15% as Payer PSP
(by volume) and ~19% in UPI P2M Acquiring (by throughput) in Q4FY22
44,009
51,356
70,270
89,819
99,415
126% YOY
12 lakh
Merchants transacting per day on our stack
UPI transaction value and volumes
(as Payer PSP)
UPI P2M Throughput
(in ` crores)

Product Specific (API banking)
• Channel to acquire & service customers, complete customer ownership with Bank
• Co- branded products; revenue sharing (Offering FDs, PL and Credit Cards)
56
Aggregators
Digital Lenders Neo-Banks Investment Platforms
Mobility
Enablers Telecom Payments
Transaction banking (White-labelled banking)
• Banking as a Service
• Deep integration with the partner
Partnerships as a channel has significant potential to expand our customer base
We have 80+ Partnerships across Ecosystems
230+
Retail APIs
60+
Corporate APIs
15+
Connected Banking
APIs hosted on Bank’s
API Developer Portal

Witnessed two-fold jump in corporates on APIs in last year along with 56% increase in API hits
We are building a “banking of the future” framework for corporates
“APIs (Application Programming interface) are fueling new digital transformations, powering innovative customer
experiences and hiding complexity in the back end.”
API Developer Portal
Wide Transaction Banking API Suite Partnerships
https://apiportal.axisbank.com/portal/
Fully-automated process for self-registration
Browse API catalogue with detailed documentation
Test APIs in open sandbox environment with app
creation
Raise request for UAT and production access
Developer forum to discuss and share ideas
Chatbot for instant query resolution
Dedicated implementation & tech support for
onboarding
API Analytics - View analytics by applying date & API filters
Industry leading proposition
Customer centric approach with a focus
on building powerful Transaction APIs
Payments API
Corporate, Real Time, GST Payments and
Payment Status
Beneficiary Management API
Add, Enquire, Update Beneficiary
Collections API
E-Collection posting, VA validation with
Customer, E-Mandate creation, Direct Debit
Trade API
Outstanding LC, BG, Limits, Forward
Contract, Buyers Credit
Account Information API
Account Balance, Statement, Limits
Cross Cutting API
IFSC, OTP, Account, PAN, Customer
Signature Validation
Co-creating and powering cutting edge
solutions for all the customer needs
around banking and beyond
New age tech for SaaS and BaaS
integrations
Seamless and self-serve customer
onboarding from Partner platforms
Native and connected banking experience
on 3rd party applications
Plethora of services across transaction
banking products
Ability to tap & serve customers beyond
traditional channels
ERP integration plugins and adapters
Flexibility to define user journeys basis
Partner type and use case

Asset Quality
58
Executive Summary

1.70%
1.88%
0.85% 0.90% 0.71%
1.48% 1.70%
0.54% 0.44% 0.32%
Credit Cost Net credit cost**
Improving asset quality visible across all segments
59
1.43%
0.57%
GNPA NNPA
Retail
2.15%
0.56%
GNPA NNPA
SME
4.93%
1.00%
GNPA NNPA
Corporate
61%^ 75%^ 80%^
^Provision Coverage Ratio without technical write-offs
GNPA 2.82% & NNPA 0.73%
Credit Cost (Annualised)
Slippages (Annualised)
2.82%
0.73%
GNPA NNPA
Total
75%^
3.70% 3.85%
3.53%
3.17%
2.82%
1.05% 1.20% 1.08% 0.91% 0.73%
GNPA NNPA
3.59%
4.15%
3.44%
2.59% 2.38%
1.28%
2.60%
0.46% 0.55%
0.13%
Gross Slippages Net Slippages
GNPA & NNPA
** credit cost net of recoveries in written off accounts
(1)
(1) 1.21% excluding CBG provision change

72% 70% 70% 72% 75%
PCR without technical write-offs
1.05% 1.20% 1.08% 0.91% 0.73%
1.09%
1.19%
0.98%
0.88%
0.75%
2.14%
2.39%
2.06%
1.79%
1.48%
0.00%
0.50%
1.00%
1.50%
2.00%
2.50%
3.00%
Net NPA BB & Below (Fund based)
Limited restructuring, largely secured and well provided; Declining
BB & Below Book
Bank’s Net NPA* and Fund based BB and Below* portfolio
60
*As % of customer assets, as applicable
PCR (excluding technical write offs) up 269 bps QoQ at 75%;
net NPA improved 18 bps QoQ
BB & Below Outstanding Q3 FY22 Q4 FY22
Fund based (FB) 6,496 5,778
Non fund based 4,324 2,780
Investments 670 826
Key comments on BB and Below book
▪ Rs, 1,671 crs of reduction is due to recoveries/upgrades
▪ Rs. 372 crs downgraded to BB & below during the quarter
▪ Average ticket size ~ Rs. 44 crs
▪ 100% of restructured corporate book classified BB & below
▪ ~ 16% of BB & Below book rated better by at least one rating agency
▪ Top 4 sectors comprising Power Generation & Distribution, Hotels, Infra
Construction and Trade account for 64% of fund based BB and Below book
The outstanding amount in ‘BB and Below’ portfolio incorporates cumulative impact of rating
Upgrades / Downgrades and Slippages from the pool
Outstanding Covid (1+2) restructuring as on 31.3.2022 Implemented
Bank 4,029
Retail 2,908
Wholesale 1,105
CBG 16
Bank as a % of GCA 0.52%
Retail as a % of segment GCA 0.72%
Wholesale as a % of segment GCA 0.46%
CBG as a % of segment GCA 0.02%
Update on restructured book
▪ 88% of the Covid restructuring book is standard
▪ Provision on restructured book Rs. 1,406 crs, coverage 24%
▪ 89% of Retail Covid (1+2) is secured, unsecured 100% provided
▪ Linked but not restructured NFB Rs. 982 crores
▪ MSME (1+2) standard restructured book Rs. 807 cr, 0.10% of GCA
▪ Linked non-restructured book Rs. 221 crores, provision held on the same Rs. 82 crs
Decline in BB & below Fund based pool due to repayments/upgrades

1.35%
0.70%
0.54%
0.61% 0.62% 0.61%
1.11%
2.82%
3.57%
1.91%
2.15%
1.87%
1.04%
1.19%
0.46%
0.37%
0.48%
0.54% 0.55%
1.06%
2.78%
3.53%
1.56%
1.89%
1.68%
0.72%
FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22
Credit Cost
Net Credit Cost
Overall Credit Costs: FY10 to FY22
Long term (FY03 to FY22)
• Reduced lumpiness of the wholesale business: Given quality and granularity of the wholesale book, the new
credit costs should be lower for this cycle as compared to previous cycle
• Provisioning rules tightened and rule based, PCR an outcome: We now operate at 15% to 20% higher than
where we used to previously operate. This needs to be factored in the incremental provisioning in the short term
• We feel comfortable growing our retail unsecured book now: It will give us better risk adjusted NIMs, credit
costs standalone will be higher
Drivers
of
Credit
Costs
Legacy asset quality issues adequately addressed
7.29%
1.32%
0.75%
Jun'16 Mar'19 Mar'22
Trend in BB corporate book
(Fund based as % of GCA)
79%
95% 92%
Mar'16 Mar'19 Mar'22
Trend in incremental sanctions
(rated A- and above)
1.67%
5.26%
2.82%
0.70%
2.06%
0.73%
Mar'16 Mar'19 Mar'22
Asset quality metrics
GNPA NNPA
56%
75%
62%
PCR Without technical writeoffs

Gross NPAs - Opening balance A 29,046 25,315 25,949 24,149 23,301
Fresh slippages B 5,285 6,518 5,464 4,147 3,981
Upgradations & Recoveries C 3,463 2,543 4,757 3,288 3,763
Write offs D 5,553 3,341 2,508 1,707 1,697
Gross NPAs - closing balance E = A+B-C-D 25,315 25,949 24,149 23,301 21,822
Provisions incl. interest capitalisation F 18,321 18,103 16,949 16,788 16,310
Net NPA G = E-F 6,994 7,846 7,200 6,513 5,512
Provision Coverage Ratio (PCR) 72% 70% 70% 72% 75%
Accumulated Prudential write offs H 31,856 34,589 35,808 35,620 36,256
PCR (with technical write-off) (F+H)/(E+H) 88% 87% 88% 89% 91%
Detailed walk of NPAs over recent quarters
Loan Loss Provisions 2,394 2,865 927 790 602
Other Provisions (226) 437 808 545 385
For Standard assets* (6) 27 (122) 100 121
Others** (220) 410 930 445 264
Total Provisions & Contingencies (other than tax) 2,168 3,302 1,735 1,335 987
Provisions & Contingencies charged to Profit & Loss Account
* including provision for unhedged foreign currency exposures
** includes provision for restructuring pool and other non-NPA provisions
62
Prior period numbers are restated to reflect the change in presentation of provision for depreciation on investments as per guidelines issued by RBI in Aug 21
and reclassification of income from recoveries in written off accounts

Asset Quality
63
Executive Summary

Reshaping Work and the Workplace
42%
Women
71%
Non-Banking
41%
Non-Metro
Accessed new talent pools in hiring
116 freelancers hired under GIG-A-Freelancer
12,000 continue to be in the hybrid model in
large offices
3,607 employees part of GIG-A-Anywhere
Creating a workplace that is geared up for the future
Key
highlights
64
Building an inclusive and representative workforce with the #Comeasyouare charter

ESG a Bank-wide Agenda
65
ESG a Board-level agenda
• Axis Bank is the first Indian Bank to constitute an ESG Committee of the
Board
ESG oversight at Leadership level
• ESG Steering Committee at the Management level championing ESG
across the Bank
• DEI Council providing oversight on Diversity, Equity and Inclusion
• ESG Working Group driving ESG integration in lending activities
Building Ownership at Business Level
• ESG Commitments announced for Retail and Corporate businesses
• Sustainable Financing Framework in place to drive ESG issuances
Steady Progress on ESG Benchmarks
• 5th Consecutive year on FTSE4Good Index in 2021
• MSCI ESG Ratings at A in 2021
• CDP Score at B- in 2021
• In 78th percentile among global banks, improving its
score from 51 to 60 on DJSI
Our Purpose Statement: Banking that leads to a more inclusive and equitable
economy, thriving community and a healthier planet
Among the top Constituents of Nifty100 ESG Sector
Leaders Index
Among Top 10 Constituents of MSCI India
ESG Leaders Index
Among top 10 constituents of S&P BSE 100
ESG Index

Quarterly Results Q3 FY22
Committed to Positive Climate Action and Achieving the Sustainable
Development Goals
ESG commitments announced by the Bank in September 2021
• Positive Impact Financing
• Incremental financing of `30,000 crores for positive-impact sectors by FY26
• Making 5% of Retail Two-Wheeler loan portfolio as electric by FY24, offering 0.5% interest discount for new EV loans
• Proactive Risk Mitigation
• Integrating ESG into risk management at the enterprise level
• Expanding ESG risk coverage in credit appraisal under our ESG Policy for Lending
• Scaling down exposure to carbon-intensive sectors in our wholesale lending portfolio
• Inclusive and Equitable Economy
• Incremental disbursement of `10,000 crores by FY24 under Asha Home Loans for affordable housing
• Ensuring 30% female representation in workforce by FY27, aligned to our #ComeAsYouAre Diversity Charter
• Healthier Planet
• Planting 2 million trees by FY27 across India towards contributing to creating a carbon sink
• Achieving carbon neutrality in our business operations
Please access the Press Release to know more
66

Key Sustainable Financing Deals during the Year
Axis Bank enters into USD 300 mn Loan Guarantee
Program with GuarantCo for E-mobility in India
• Intent to execute an umbrella guarantee framework of USD
200 mn with a program size of USD 300 mn
• Partnership announced by the UK Prime Minister as part of UK
Clean and Green Initiative during COP 26, Glasgow
Axis Bank issues India’s first Sustainable AT1
Notes, for USD 600 mn
• First such bond listed on India INX and NSE IFSC exchanges
in GIFT City
• Order book oversubscribed being 3.8 times
• 47% allocations to ESG-focused investors
67
Axis Bank Commits USD 150 Million to SAMRIDH
Healthcare Blended Finance to Strengthen India’s
Healthcare Infrastructure
• Affordable finance of up to USD 150 million through
SAMRIDH, to support health enterprises and innovators who
would otherwise not have access to affordable debt financing
• Supported by US Agency for International Development
(USAID)
Axis Bank and Asian Development Bank
collaborate to offer supply chain finance
• Signed a Partial Guarantee Facility Agreement (PGFA) with the
Asian Development Bank (ADB) to support supply chain
financing for impact sectors, under which ADB will provide
guarantees (variable) to the lending done by Axis Bank
• The program will have special focus on ESG and other priority
sectors

Key ESG Achievements and Accolades
• Only private sector bank to achieve
‘Platinum’ in Green Existing Building
(Operations and Maintenance) rating
• 100% green-powered
• EV charging facility available
Axis House, Mumbai is IGBC Platinum-Rated
68
Axis Bank has won the Leadership awards in Social Impact and
Transparency at the ESG India Leadership Awards 2021
Axis Bank’s USD 600 million Sustainable
AT1 Notes issuance wins the ‘Best
Sustainability-Linked Bond –
Financial Institution’ at The Asset
Country Awards 2021
Axis Bank bags IFR Asia's Asian Bank
of the Year and India Bond House
Award
• Axis Bank worked on:
• Renew Sun Waves’ Rs. 10.02
Bn bond offering
• Vector Green Energy’s
offering, the first AAA rated
deal from RE sector
• Axis Bank issued India’s first
sustainable AT1 issue, of US$ 600
Mn

Asset Quality
69
Executive Summary

347
477
833
1,195
FY19 FY20 FY21 FY22
Combined PAT * of operating subs
(annualized)
1,801 1,808 1,816
2,216
Total investments* made
2,410 2,552
3,291
4,768
Combined networth* of operating subs
7% CAGR^
26% CAGR^
All figures in ` Crores
Significant value creation happening in our key group entities
51% CAGR (3 yr)
Asset Management Trustee
Retail
Brokerage
Consumer
focused NBFC
Invst Banking
& Inst Equities
100%
Stake
100%
75% (JV Schroders Plc^^) 100%
100% 67%
Insurance
TReDS platform
12.99%** (Co-promoter),
Accounting Associate
Fintech
platform
100%
AAA rated NBFC with
diversified product offerings
One of the major fintech
players in India
Amongst the leading
trustees in India
3rd largest bank led
brokerage firm
Leadership position in
ECM deals segment
One of the fastest
growing MF player
Leading player on
TReDs platform
4th largest private
insurance company @
** Including stakes owned by Axis Capital and Axis Securities; Also, there is further Option to take overall stake to 19.99% ^^ 25% is held by Schroders Plc
^ CAGR for Mar-19 to Mar-22 period @ Based on New Business Premium
* The figures represented above are for the bank’s domestic group entities as per Indian GAAP, as used for consolidated financial statements of the Group
Detailed One Axis presentation Link
70
44% YOY

55
121
242
357
FY19 FY20 FY21 FY22
89,720
1,38,402
1,96,549
2,59,818
Overall QAAUM 32% YOY
Trend in PAT Major Highlights
• 10% incremental AAUM market share YOY in Q4FY22 led by fund performance
• 61% of overall AUM consists of Equity & Hybrid funds
• 45% equity AUM growth in last 12 months, one of the fastest growing AMC in
the country
• 60% YOY growth in Client folios at 12.8 mn as at 31.3.2022
47% YOY
Axis AMC : Strong performance, AUM growth of 32% YOY, PAT up 47% YOY
87% CAGR (3yr)
* CAGR for period Mar-19 to Mar-22
43% CAGR*
^Disclosure:Scheme AUM/AAUM (Amt in cr) Rs.251744.32 / Rs.259818.42 Asset Classwise AUM / AAUM:Liquid/Money Market:
40200.99/46764.07, Gilt: 128.15/136.14, Income/Debt: 45352.92/51525.26Equity including ELSS: 145491.44/141793.26, Hybrid:
12027.90/12233.67, Solution: 1740.37/1752.93,Index: 2026.91/1072.90, ETF: 1766.11/1528.62, FOF: 3009.54/3011.58 . AUM by
geography (%) [Cities]:Top 5: 60.04% Next 10: 18.61% Next 20: 8.27% Next 75: 8.00% Others: 5.09%
44,486
61,968
98,822
1,43,546
Equity QAAUM
45% YOY
48% CAGR*
71

214
241
381
521
FY19 FY20 FY21 FY22
72
Axis Capital : Go to Banker for India Inc
64
100
166
200
FY19 FY20 FY21 FY22
Revenue from Operations
Major Highlights
Rank Banker No of Deals*
1 Peer 1 44
2 Axis Capital 39
3 Peer 2 28
4 Peer 3 28
5 Peer 4 23
FY22 Ranking* (includes IPO, FPO, QIP, REIT, InvIT, OFS & Rights)
• 44 ECM transactions were completed in FY22 that include 27 IPOs, 8 QIPs, 2 OFS, 2
Rights issue
• Re-emphasized its ECM leadership and strong domain expertise by helping companies
across multiple sectors like Healthcare, Financials, Real Estate, to raise equity from markets
• Transactions included first ever InvIT by any PSU and largest public InvIT transaction till
date; and largest IPO in hospital space till date
• Axis Capital’s Institutional Equity business trading volumes in cash segment grew 59%
YOY and that for F&O grew ~ 8 times YOY in FY22
• 20% YOY growth in PAT
*Source: Primedatabase; Updated till 31th March, 2022;
Includes all Equity IPOs, FPOs, QIPs, OFS, REIT, InvIT,Rights Transactions
37% YoY
20% YoY
Profit After Tax
46% CAGR^
^ CAGR for period FY19 to FY22
35% CAGR^

203 191
425
662
FY19 FY20 FY21 FY22
• 91% YOY growth in customer acquisitions for Q4FY22 period
• 69% of the volumes in FY22 from Mobile trading
• 43% of clients traded through Axis Direct Mobile App in FY22
• 179 crores - broking revenues in Q4FY22, reaching new quarterly highs
• 40% YOY growth in PAT for FY22
Axis Securities : Strong performance in FY22 with 56% growth in revenue
77
16
166
232
FY19 FY20 FY21 FY22
Broking Revenue
56% YoY
2.10 2.27
3.63
4.17
15% YOY
Total customer base (in mn)
Major Highlights
73
Profit After Tax
26% CAGR*
* CAGR for period Mar-19 to Mar-22
40% YoY
Axis Securities had acquired nearly 1 mn Karvy’s trading accounts
in Q4FY21, making Axis Securities as the 3rd largest bank led
retail brokerage in terms of customer base
* CAGR for period FY19 to FY22
48% CAGR*
44% CAGR*

8,040 7,704
10,259
16,269
911 984 1,023
1,514
358 363 385
548
227 193 211
364
FY19 FY20 FY21 FY22
Income Pre-provisioning profit PAT
74
Axis Finance : Poised for growth, investing for growing the retail book
** CAGR for period Mar’19 to Mar’22
Growth in loan book
26% CAGR**
59% YOY
All figures in `₹ Crores
Started investment in retail franchise FY 19 onwards
Trend in total income, pre-provision profit and PAT 48% YOY
72% YOY
42% YOY
* 3 yr CAGR (FY19 to FY22)
Major Highlights
• 20% Capital adequacy ratio
• 20.3% overall ROE for FY22
• 3 times YOY growth in Retail book
• 23.4% YOY growth in Wholesale loan book with 91% of secured loans
• 35% Cost to Income for FY22
• 0.46% Net NPA% with near nil restructuring
18% CAGR*
15% CAGR*
17% CAGR*

A.TREDS: Invoicemart setting a new benchmark in TReDS
Throughput
~ ₹ 27,000 Cr
Invoices Discounted (in No’s)
~ 10 Lakh
Participants on-board
~ 14,400
Progress so far (Jul’17 to Mar’22)
A.TREDS is one of the three entities allowed by RBI to set up the Trade Receivables Discounting System (TReDS), an electronic platform for
facilitating cash flows for MSMEs
The TReDS platform connects MSME sellers and their corporate buyers to multiple financiers. It enables discounting of invoices of the MSME sellers
raised on large buyers, through a transparent bidding mechanism that ensures financing of receivables at competitive market rates.
Our digital invoice discounting platform ‘Invoicemart’ has set a new benchmark by facilitating financing of MSME invoices of more than
₹ 27,000 crs+. Crossed a monthly figure of ₹ 2,000 crs in March 2022.
Invoicemart has helped in price discovery for MSMEs across 700+ locations in India who are now able to get their bills discounted from 45 financiers
(banks and NBFC factors)

Freecharge: continues to make progress in its payments led financials services
journey; “Buy Now Pay Later” & “SMB Lending” product gaining traction
Q4 FY22
Q1 FY22
Q2 FY22
Q3 FY22
SMB Ecosystem showing strong Momentum
Processed volume growth
(Values are Indexed)
MOBILE
RECHARGES
DTH, UTILITIES
LOANS CARDS CA/SA/FD
Freecharge Paylater
• 50% growth in GMV QOQ
• 7L+ transactions done by the
Paylater customers in Q4’FY22.
• 70% M1 retention in Q4’FY22.
• Accepted now at 5000+ Online and
35,000+ Offline merchants
• Small ticket
lending for SMB.
• New payment
Categories
• Cibil score as a
service.
• Financial Goal
Management.
• Financial Health
monitor.
• New payment
categories – Fastag,
LPG & Loan
repayments.
*Small and medium businesses
• Credit Card
Tokenization
• Paylater for Retailer
– Distributor
Ecosystem
• Paylater for Axis
Bank customers.
• Enabled Paylater on
1000 online
merchants
• E2E digital
journey for
Credit cards
• Expanded SMB
lending product
to 20 cities.
• 2.4L loans
• 12x growth in no of loans QoQ
• 15x growth in CA accounts opened QoQ
• 2x growth in loan ticket size QoQ
• 2x growth in monthly transactions of lending SMB’s
100
262
Q4FY21 Q4FY22

Asset Quality
77
Executive Summary

Shareholding Pattern (as on March 31, 2022)
▪ Share Capital `614 crores
▪ Shareholders’ Funds `115,025 crores
▪ Book Value Per Share `375
▪ Diluted EPS (Q4 FY22) # `54.27
▪ Market Capitalization `236,139 crores (as on April 27th, 2022)
# annualised
Foreign Institutional
Investors
45.94%
Indian Institutions
29.85%
GDR's
2.12%
Life Insurance Corporation
7.98%
SUUTI
1.52%
Others
12.59%
78

Financial Performance
79
Financial Performance (₹ crores) Q4FY22 Q4FY21 % Growth FY22 FY21 % Growth
Interest Income A 17,776 15,494 15% 67,377 63,346 6%
Other Income B = C+D+E 4,224 3,541 19% 15,221 12,264 24%
- Fee Income C 3,759 3,376 11% 13,001 10,686 22%
- Trading Income D 231 22 957% 1,627 1,218 34%
- Miscellaneous Income E 234 143 64% 593 360 65%
Total Income F = A+B 22,000 19,035 16% 82,598 75,610 9%
Interest Expended G 8,957 7,939 13% 34,245 34,107 0.4%
Net Interest Income H = A-G 8,819 7,555 17% 33,132 29,239 13%
Operating Revenue I = B+H 13,042 11,096 18% 48,353 41,503 17%
Core Operating Revenue* J 12,812 11,079 16% 46,705 40,279 16%
Operating Expenses K 6,576 5,359 23% 23,611 18,375 28%
-Staff Expense L 1,887 1,668 13% 7,613 6,164 24%
-Non Staff Expense M 4,689 3,691 27% 15,998 12,211 31%
Operating Profit N = I-K 6,466 5,737 13% 24,742 23,128 7%
Core Operating Profit* O 6,235 5,720 9% 23,094 21,903 5%
Provisions other than taxes P 987 2,167 (54%) 7,360 14,322 (49%)
Profit Before Tax Q = N-P 5,479 3,570 53% 17,382 8,806 97%
Tax Expenses R 1,361 893 52% 4,357 2,218 96%
Net Profit S = Q-R 4,118 2,677 54% 13,025 6,588 98%
EPS Diluted (in `) (annualized) 54.27 35.37 42.35 22.09
Return on Average Assets (annualized) 1.46% 1.11% 1.21% 0.70%
Return on Equity (annualized) 15.87% 11.72% 12.91% 7.55%
Capital Adequacy Ratio (Basel III) 18.54% 19.12% 18.54% 19.12%
* excluding trading profit and exchange gain/loss on capital repatriated from overseas branch

Financial Performance
80
* excluding trading profit and exchange gain/loss on capital repatriated from overseas branch
$ figures converted using exchange rate of 1$ = `75.7925
Financial Performance ($ mn) Q4FY22 Q4FY21 % Growth FY22 FY21 % Growth
Interest Income A 2,345 2,044 15% 8,890 8,358 6%
Other Income B = C+D+E 557 467 19% 2,008 1,618 24%
- Fee Income C 496 445 11% 1,715 1,410 22%
- Trading Income D 30 3 957% 215 161 34%
- Miscellaneous Income E 31 19 64% 78 47 65%
Total Income F = A+B 2,902 2,511 16% 10,898 9,976 9%
Interest Expended G 1,181 1,047 13% 4,519 4,500 0.4%
Net Interest Income H = A-G 1,164 997 17% 4,371 3,858 13%
Operating Revenue I = B+H 1,721 1,464 18% 6,379 5,476 17%
Core Operating Revenue* J 1,690 1,462 16% 6,162 5,314 16%
Operating Expenses K 868 707 23% 3,115 2,425 28%
-Staff Expense L 249 220 13% 1,004 813 24%
-Non Staff Expense M 619 487 27% 2,111 1,612 31%
Operating Profit N = I-K 853 757 13% 3,264 3,051 7%
Core Operating Profit* O 823 755 9% 3,047 2,890 5%
Provisions other than taxes P 130 286 (54%) 971 1,890 (49%)
Profit Before Tax Q = N-P 723 471 53% 2,293 1,162 97%
Tax Expenses R 180 118 52% 574 293 96%
Net Profit S = Q-R 543 353 54% 1,719 869 98%
EPS Diluted (in `) (annualized) 54.27 35.37 42.35 22.09
Return on Average Assets (annualized) 1.46% 1.11% 1.21% 0.70%
Return on Equity (annualized) 15.87% 11.72% 12.91% 7.55%
Capital Adequacy Ratio (Basel III) 18.54% 19.12% 18.54% 19.12%

Balance Sheet
81
Balance Sheet As on 31st
Mar’22 As on 31st
Mar’21 As on 31st
Mar’22 As on 31st
Mar’21 % Growth
CAPITAL AND LIABILITIES In ` Crores In ` Crores in $ Mn in $ Mn
Capital 614 613 81 81 0.2%
Reserves & Surplus 1,14,411 100,990 15,095 13,324 13%
ESOP Outstanding 149 - 20 - -
Deposits 8,21,721 6,97,986 1,08,417 92,092 18%
Borrowings 1,85,134 1,42,873 24,427 18,850 30%
Other Liabilities and Provisions 53,149 44,336 7,012 5,850 20%
Total 11,75,178 9,86,798 1,55,052 1,30,197 19%
ASSETS
Cash and Balances with RBI / Banks
and Call money
1,10,987 61,730 14,644 8,145 80%
Investments 2,75,597 2,26,120 36,362 29,834 22%
Advances 7,07,696 6,14,399 93,373 81,063 15%
Fixed Assets 4,572 4,245 603 560 8%
Other Assets 76,326 80,304 10,070 10,595 (5%)
Total 11,75,178 9,86,798 1,55,052 1,30,197 19%
$ figures converted using exchange rate of 1$ = `75.7925

Except for the historical information contained herein, statements in this release which contain
words or phrases such as “will”, “aim”, “will likely result”, “would”, “believe”, “may”, “expect”, “will
continue”, “anticipate”, “estimate”, “intend”, “plan”, “contemplate”, “seek to”, “future”, “objective”,
“goal”, “strategy”, “philosophy”, “project”, “should”, “will pursue” and similar expressions or variations
of such expressions may constitute "forward-looking statements". These forward-looking statements
involve a number of risks, uncertainties and other factors that could cause actual results to differ
materially from those suggested by the forward-looking statements. These risks and uncertainties
include, but are not limited to our ability to successfully implement our strategy, future levels of non-
performing loans, our growth and expansion, the adequacy of our allowance for credit losses, our
provisioning policies, technological changes, investment income, cash flow projections, our
exposure to market risks as well as other risks. Axis Bank Limited undertakes no obligation to
update forward-looking statements to reflect events or circumstances after the date thereof.
Safe Harbor
82

Thank You
83

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